Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Greene County Medical Center (Medical Center) under programs of the federal government for the year ended June 30, 2025. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Medical Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Medical Center.
Expenditures reported on this Schedule consist of the beginning of the year outstanding loan balance of the Medical Center’s USDA direct loan of $15,730,508, as well as $1,261,873, which is 90% of the beginning of the year outstanding balance of the Medical Center’s USDA guaranteed loans. If applicable, advances made on the loans during the year are reported on the Schedule. The Medical Center made no advances on the loans during the year ended June 30, 2025. The Medical Center’s outstanding loan balances for the direct loan and the guaranteed loans as of June 30, 2025, are $15,402,876 and $1,310,776, respectively.